https://www.taxtmi.com/caselaws?id=419666 The court ordered the immediate release of imported goods upon the petitioner providing a bond, despite a discrepancy in classification as Base Oil or Light Diesel Oil. The judgment emphasized the need for ongoing inquiry by the Revenue while allowing clearance for home consumption. The court did not grant a specific waiver of penal charges but directed the release of goods subject to bond execution, ensuring a balance between releasing goods and facilitating further investigation into the goods' classification. en-us Thu, 03 Mar 2022 00:00:00 +0530 Fri, 17 Feb 2023 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419666 The court ordered the immediate release of imported goods upon the petitioner providing a bond, despite a discrepancy in classification as Base Oil or Light Diesel Oil. The judgment emphasized the need for ongoing inquiry by the Revenue while allowing clearance for home consumption. The court did not grant a specific waiver of penal charges but directed the release of goods subject to bond execution, ensuring a balance between releasing goods and facilitating further investigation into the goods' classification. Case-Laws Customs Thu, 03 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419666